There are major projects and there are major projects that are in the national interest. Major projects that are referred to us are in various stages of development. Some of them, like Contrecoeur, are almost all the way through their regulatory process, and there's not much help that they need there.
On the financing question, we are working with these federal projects to see how to coordinate financing from, for example, the Canada Infrastructure Bank and the Canada Growth Fund, as well as looking at whether there are other private sources of capital that can be used to ensure that the Port of Montreal has sufficient funds to continue to build and finish the project in a timely manner. That work is under way, and we expect to be finishing that work soon. We're working closely with Ms. Gascon and her team.
In other cases, projects can be referred and can be sent to us as designated projects, and the differentiation there is that those projects would be in earlier stages. Those projects need a decision about whether or not they should be built in advance of all the work that needs to be done to coordinate the regulatory, the first nations and the work that needs to be done on the financing.
So far, at this point, we have not had any projects that have come through the act as designated projects. Most of the projects we're working on are in various states of development, but we do expect, over the course of time, that one or two projects of national interest will be designated. At that point, there is a single process that allows for a single minister to use the.... We still end up going through all the different departments to do all the work—there's no corner cutting—but it's a bit of a two-step process whereby a decision is made that the project is in the national interest and then a two-year process is undertaken to end up with one permit and one set of conditions for all the different agencies that are involved.